{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-090465","form_type":"8-K","ticker":"FLR","cik":"0001124198","company_name":"FLUOR CORP","filed_at":"2023-08-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.190356+00:00","generated_at":"2026-06-11T13:52:03.908381+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Fluor issues $575M 1.125% convertible notes due 2029 to repurchase 2024 notes","bullets":["$575M aggregate principal (including $75M option exercise) of 1.125% Convertible Senior Notes due Aug 15, 2029.","Initial conversion rate 22.0420 shares per $1,000 principal (~$45.37/share); capped call transactions cost $72.5M to mitigate dilution.","Net proceeds ~$559.4M; portion funds capped call, remainder to repurchase outstanding 2024 Senior Notes via tender offer.","Credit agreement amended to permit the note issuance and capped call transactions."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-090465","json":"https://secwatch.observer/filing/0001104659-23-090465.json","markdown":"https://secwatch.observer/filing/0001104659-23-090465.md","text":"https://secwatch.observer/filing/0001104659-23-090465.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1124198/000110465923090465/0001104659-23-090465-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1124198/000110465923090465/tm2323493d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T13:52:03.908381+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ad683ead6ab4da7a56ea4485e54b1de09f317af5","claim":"FLUOR CORP incurred convertible notes of $575 million aggregate principal amount with BofA Securities, Inc. and Citigroup Global Markets Inc. at 1.125% per year maturing August 15, 2029.","evidence_excerpt":"$575 million aggregate principal amount of the Company’s 1.125% Convertible Senior Notes due 2029","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1124198/000110465923090465/0001104659-23-090465-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$575 million aggregate principal amount"},{"label":"Counterparty","value":"BofA Securities, Inc. and Citigroup Global Markets Inc."},{"label":"Rate","value":"1.125% per year"},{"label":"Maturity","value":"August 15, 2029"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"6405954bdb3d08f13404b05ca793c9c541fde652","claim":"FLUOR CORP entered into Indenture with U.S. Bank Trust Company, National Association valued at $575 million aggregate principal amount (effective 2023-08-10).","evidence_excerpt":"the Company entered into an Indenture, dated August 10, 2023 (the “Indenture”), between the Company and U.S. Bank Trust Company, National Association, as trustee","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1124198/000110465923090465/0001104659-23-090465-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Value","value":"$575 million aggregate principal amount"},{"label":"Effective","value":"2023-08-10"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}